Mule, here is the way my records are calculated.
System record: 44wins - 2loses
All my system picks are based on picking a team for 3 games in a row.
eg. tonight I have Minny for $50. If they cover, I get a system win. If they lose, than the next game is a double down bet, $100, on Minny again.
If they don't cover again, then I double down, $200, one last time on Minny.
If they lose again, NOW it is a system lose.
So, out of doing this 46 times I have lost 2 times.
The "ALL SYSTEM PICKS" record, is simple every individual game.
In the case above the record would be 0-3.
My record, documented, is 44-26.
Profit works like this:
MINNY, WIN 1ST SYSTEM BET: +$50
MINNY LOSE 1ST, WIN 2ND SYSTEM BET: -$55, +$100 = +$45
MINNY LOSE 1ST & 2ND, WIN 3RD SYSTEM BET: -$55, -$110, +200 = +$35
MINNY, LOSE ALL THREE: -$55, -$110, -$220 = -$385
I've said this before, Please understand, I am capping not only the teams first game, but also their next 2. I have to like all 3 games in order to make it a system pick.
Some have asked the question of why do I double down? Why don't I just make all bets the same amount?
For one HUGE reason:
If my 1st bet loses, it makes the next bet that much stronger!
Also, if I was to bet the same amount every pick ($50), I would have a profit of $770, instead of my system profit of $1421.
Hey guys, I never said, nor will I ever say my system is anywhere close to perfect. It is making me a profit, and that's the bottom line.
I'm a small better compared to some of the wagers I see in this forum.
If I was to make my initial bet $200, I would have a profit of 4 times the amount, $1421 x 4 = $5684
I am happy, and stress free at the pace I am going.
Hope this helps.